________________________________________________________________________ We exit Mahindra & Mahindra from our Long Term Portfolio. Having enterd the stock in July, 2015, we exit with a slight gain of 3.97% . Our play was based on their Auto Products as well as their diversified portfolio. For a long time, M&M was India’s largest Utility Vehicle Maker. The arrival of Maruti Brezza pushed them to the lower spot. While we love a company with diversified portfolio, the market is not so forgiving in terms of valuation. Holding companies are valued much lower than . . .